On July 30, IREN Ltd rose 5.18% in after-hours trading to $40.36 per share, with turnover of $28.70 million, extending gains after surging over 14% during the regular session. The rally was driven by the market's continued reaction to the company's recently announced $2.8 billion multi-year cloud services contracts signed with leading AI developers.

The company raised its year-end AI cloud annualized recurring revenue target from $3.7 billion to over $4.0 billion, with approximately 85% now locked under long-term contracts. Customer contracts carry a weighted average term of about four years, and customer prepayments represent roughly 45% of associated GPU capital expenditure. Additionally, Bitcoin's surge above $65,000 on the same day provided a tailwind to crypto-mining related stocks, with peers including CIFR and RIOT posting significant gains. As of June 30, IREN held approximately $7.6 billion in cash and equivalents, supporting continued business expansion.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)